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Gelonghui Announcement Highlights (Hong Kong Stocks) | Baidu Group-SW (09888.HK) has spent approximately 2.1 billion USD to acquire JOYY's live streaming Business in China.
[Today's Focus] Baidu Group-SW (09888.HK) has spent approximately 2.1 billion USD to acquire JOYY's live streaming business in China. Baidu Group-SW (09888.HK) announced that on February 25, 2025, Baidu signed an agreement with JOYY Group to acquire the video entertainment live streaming business in mainland China previously owned by JOYY (i.e., YY Live). Baidu has paid a total purchase price of approximately 2.1 billion USD. As part of the Trade, the total amount of approximately 1.6 billion USD that Baidu previously deposited into an escrow Account under the share purchase agreement (which is no longer valid) has been fully released to Baidu. Baidu plans to use the released funds.
Sunevision's Half-Year Profit Rises 11%
Sunevision Holdings Ltd. Reports Strong Revenue Growth Amidst Robust Data Center Demand
SUNEVISION (01686.HK): Mid-term Shareholder's attributable profit increased by 11% to 0.484 billion HKD.
On February 25, Gelonghui reported that SUNEVISION (01686.HK) announced that for the six months ending December 31, 2024, the group's revenue increased by 14% year-on-year to 1.47 billion HKD, driven by the income contribution from the new Datacenter, particularly the trial operation of MEGAIDC Phase I and steady growth from existing Datacenters. EBITDA increased by 17% year-on-year to 1.053 billion HKD, with the profit margin rising from 70% to 72%. Interest costs have significantly increased due to the reduction in interest capitalization after the IDC Phase I came online, which partially offset the impact of business growth. Shareholders' share.
Express News | Sunevision Holdings H1 Ebitda HKD 1,053 Million
SUNEVISION: Interim Results Announcement for the six months ended 31 December 2024
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